Total Members: 158,502

davidfemia

  • davidfemia replied to the topic IP houses in Perth in the forum The Treasure Chest 20 years, 11 months ago

    Hi Avranjes,

    They are still available, however, the trick is to find those with the development potential.

    If you have the time, take a look at Bourke st, just off Charles St.(a restaurant called bella cucina is on the corner.) This will give you an idea of the areas potential. These homes are valued at around 300 – 400+.

    Should you want our…[Read more]

  • davidfemia replied to the topic Fully Furnished Rentals in the forum The Treasure Chest 20 years, 11 months ago

    Hello again Sebastian,

    You will find $50 to be an average. However, this will differentiate by suburb, area, and possibly even property type.

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

  • davidfemia replied to the topic IP houses in Perth in the forum The Treasure Chest 20 years, 11 months ago

    Hello Avranjes,

    With 280 you can do quite a bit. Having not taking into consideration your financial situation, and without knowing your long term plans, North Perth is still a winner.

    Vic Park, lathlain, Carlisle, and surrounding suburbs are places to keep an eye on.

    The Joondalup region will also be an area to keep an eye on.

    David…[Read more]

  • davidfemia replied to the topic Accountant cost query. in the forum The Treasure Chest 20 years, 11 months ago

    Andrew,

    Perhaps try FS Profrssional partners. They are on the corner of charles and scrborough beach road.

    They sepecialise in investment properties.

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

  • davidfemia replied to the topic IP houses in Perth in the forum The Treasure Chest 20 years, 11 months ago

    Hello Avranjes,

    There are many to choose from. However, it all depends on your budget, and your investment goals.

    Genrally, if you dont mind an older house on a larger block, then perhaps North Perth is an area to look at. The area is grossly underdeveloped, and is showing great potential.

    David Femia

    Femia Property Group
    Property…[Read more]

  • davidfemia replied to the topic Perth IP & Student Rentals in the forum The Treasure Chest 20 years, 11 months ago

    Hello Sebastian,

    Thankyou for your compliments.

    We are independent and therefore do claim fees from anyone apart from our clients. We whelp with every aspect of the property purchase, and make sure you walk away knowing that you have made a good investment.

    These days, a comprehensive service is needed, as with the abundance of information out…[Read more]

  • davidfemia replied to the topic Perth IP & Student Rentals in the forum The Treasure Chest 20 years, 11 months ago

    Hello Sebastian,

    Joondalup has always been a favourte, as the rental market will do well. (see trueblues comments).

    You will find that with most internatinal students they are well behaved. They have a fear of causing disruptions, due to their visa requirments.

    Bentley is an excellent area also. International students will rent here at a…[Read more]

  • davidfemia replied to the topic 4% depreciation in the forum The Treasure Chest 20 years, 11 months ago

    Hello Stephen,

    You will also find that 4% depreciation is allocated only to holiday or tourism accomodation. Some buildings have a combination of both, however, you may want to speak to your financier as a precaution. Banks generally dont like serviced or leasehold apartments.

    David Femia

    Femia Property Group
    Property Investment…[Read more]

  • davidfemia replied to the topic Serviced Apartments in the forum The Treasure Chest 20 years, 11 months ago

    Hello Cazdean,

    I think stuart summed it up best. Its simply too high a risk, and they generally have a bad reputation with banks.

    Take a close look at the management contract also. They may require the apartment to be refurbished at your own expense, after a certain period of time.

    David Femia

    Femia Property Group
    Property Investment…[Read more]

  • davidfemia replied to the topic GST and new residential property in the forum No Subject 20 years, 12 months ago

    Hello Andy,

    I guess the first thing you need to do is differentiate yourself from your business. Even though you may be a sole trader, you are deemed as two seperate entities.

    If you are buying the house under your business, then GST is claimable. However, if you are buying it under your name as an individual, then its not.

    When it comes time…[Read more]

  • davidfemia replied to the topic Perth Suburbs in the forum The Treasure Chest 20 years, 12 months ago

    Hello Mjk,

    You can send me your postal details, and I will send a copy over to you. I have a few spare copies.

    I can be reached at dfemia@femiapropertygroup.com.au.

    Alternatively, you can contact the West Australian direct. Im not sure if they will mail it directly to you, however, they may hold electronic copies that they can via…[Read more]

  • davidfemia replied to the topic Perth Suburbs in the forum The Treasure Chest 20 years, 12 months ago

    Hello MJK,

    Yes, Broome and other regional areas are looking great at the moment.

    A mild “boom” did arrive, however, you never know its happened until after the event.

    For new homes, take a look at Carramar. The success of the Joondalup area will flow on in the next couple of years.

    David Femia

    Femia Property Group
    Property Investment…[Read more]

  • davidfemia replied to the topic Purchasing IPs under a trust in the forum No Subject 20 years, 12 months ago

    Hello Whindes,

    Just a quick addition. You will also be entitled to the capital gains 50% concession, as you would as an individual.

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

  • davidfemia replied to the topic land vs positive property in the forum No Subject 20 years, 12 months ago

    Fullout,

    GST doesnt apply to new land, CGT will be payable, and stamp duty will be payable regardless of the property type, as it is paid on the contract itself.

    As for the reselling, there is nothing illegal about making a private agreement with another buyer. Just be sure to disclose everything to them.

    David Femia

    Femia Property…[Read more]

  • davidfemia replied to the topic Positively Geared Properties in the forum No Subject 20 years, 12 months ago

    Hello Kellie,

    Are we able to discuss this privately?

    Email me at dfemia@femiapropertygroup.com.au, or call on 9349 1332.

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

  • davidfemia replied to the topic Positively Geared Properties in the forum No Subject 20 years, 12 months ago

    Hello Kellie,

    Being from Perth, and specialising in research and providing cash flow positive properties to eastern states and other investors, I understand your plight.

    Firstly, you will need to look in the inner city suburbs. Secondly, you will need to find a descent apartment, or even townhouse/villa. Thirdly, you will need to have all of…[Read more]

  • davidfemia replied to the topic Diminishing Value or Prime Cost in the forum No Subject 20 years, 12 months ago

    Hello arivic,

    Perhaps as a further suggestion, calculate them side by side, and see which is most suitable to your situation.

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

  • davidfemia replied to the topic Looking for accountant in Perth, WA in the forum The Treasure Chest 21 years ago

    Hello Jean,

    Bert of FS Professional Partners will be of help to you. He specialises in property investments, and is located on the coner of scarborough beach road and charles street.

    He can be contacted on 9443 3233

    Hope this helps.

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

  • davidfemia replied to the topic getting started in the forum The Treasure Chest 21 years ago

    Hello Mickey,

    You will need to get some more information to make a choice.

    You will need to consider all property costs. This includes shire rates, water rates, land tax, strata fees, insurance, maintenance, loan costs, vacancy rates etc.

    Trade these expenses off against your rental income, as well as the adjustment to your tax return.

    Once…[Read more]

  • davidfemia replied to the topic VACANCY RATES in the forum The Treasure Chest 21 years ago

    Gus,

    You are correct. A descent property manager will never leave your property vacant too long. They will know the market, and have the ability to source tenants rather quickly.

    Considering 28 days notice is required, I feel that is ample time to source new tenants.

    Andrews comments are correct. Any more than four weeks, then you may want to…[Read more]

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